Cooper Financial Group boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 27.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,456 shares of the conglomerate’s stock after acquiring an additional 316 shares during the quarter. Cooper Financial Group’s holdings in Honeywell International were worth $253,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in HON. Covestor Ltd purchased a new position in Honeywell International during the 4th quarter valued at about $48,000. True North Advisors LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at approximately $457,000. Invesco Ltd. boosted its stake in shares of Honeywell International by 6.5% in the fourth quarter. Invesco Ltd. now owns 2,769,395 shares of the conglomerate’s stock valued at $577,446,000 after purchasing an additional 168,790 shares during the period. Quilter Plc grew its holdings in shares of Honeywell International by 7.9% in the fourth quarter. Quilter Plc now owns 203,966 shares of the conglomerate’s stock valued at $42,181,000 after purchasing an additional 14,964 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. increased its stake in Honeywell International by 13.9% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 162,129 shares of the conglomerate’s stock worth $33,806,000 after buying an additional 19,792 shares during the period. 74.74% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Honeywell International
In related news, CFO Gregory P. Lewis sold 5,011 shares of Honeywell International stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total value of $952,090.00. Following the sale, the chief financial officer now directly owns 43,625 shares in the company, valued at $8,288,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.
Honeywell International Stock Up 0.3 %
Honeywell International (NASDAQ:HON – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.07. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.67 billion. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.02 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 8.68 earnings per share for the current year.
Honeywell International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, August 11th. Honeywell International’s payout ratio is currently 53.48%.
Analyst Ratings Changes
HON has been the subject of several research reports. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 31st. Cowen set a $205.00 price target on Honeywell International in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Barclays raised their target price on shares of Honeywell International from $204.00 to $210.00 in a report on Friday, July 29th. Finally, Mizuho lowered their price target on shares of Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a report on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $210.08.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems, as well as wireless connectivity and management services.
- Get a free copy of the StockNews.com research report on Honeywell International (HON)
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